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Spread: Hawks (-2.5)

6 of 10 top Polymarket traders hold Hawks (60%) · Hawks at 53¢ · $23K held · ends Nov 5

Hawks53¢Wizards47¢Ends Thu, Nov 5, 2026View on Polymarket
SIGNAL

⚠️

Avoid

Hawks

Consensus Traders

10

Hawks 60%

1 arb excluded

Total Value

$22.8K

Combined PnL

$801.37

Smart Money Entry

49.6¢ → 52.5¢

+6% since entry · 6 traders

Research grade

AvoidHawks at 53%

Matches a pattern that lost clearly more than the plain consensus in our tests.

  • BasketballFull year, out of sample: basketball lost −4.8 % a trade (n 1,747, 95 % CI −9.2 to +0.3); Oct 22 backtest: −12.0 % and −9.2 % in its two windows.
  • Spread or totalOct 22 backtest: spreads and totals −14.5 % a trade in spring (95 % CI −27 to −1), +1.5 % in October: no edge.
  • Side priced 50–60¢Full year, out of sample: 0.50–0.70 lost −2.9 % a trade (n 23,546, 95 % CI −3.9 to −1.9).

The rules come from our Oct 22 2026 backtest (one entry per market, held to resolution, after a 1¢ half-spread and Polymarket's taker fees). Our full-year test without hindsight (Oct 26 2026) found none of them profitable out of sample, and the plain consensus lost −3.0 % a trade. The grade describes the market; it is not a forecast, not an edge and not advice.

Smart Money Signal

Hawks

6 of 10 top traders (60%)1 arbitrage trader dimmed4 hold an outcome priced under 50%2 small positions dimmed (<$100 invested)

Market Activity

Outcome Probabilities

Hawks53%
Wizards48%

Smart Money Breakdown by Outcome

Hawks6 traders
Total Value$18.3K
Total Shares35,165
Combined PnL+$853.07
Wizards4 traders
Total Value$1.5K
Total Shares3,151
Combined PnL-$51.7
Hawks — 60%Wizards — 40%

Signal Intelligence

Momentum

Flat

+0 pts consensus

Breadth

4 traders

Top 2 hold 97%

Freshness

Fresh

0h old

Flip Quality

Clean

0 consensus flips

Breadth vs concentrationCrowded

50% of non-arb traders are on Hawks. Concentration is driven by the top two positions owning 97% of that side's value.

Cohort consensusHand-picked vs top 1000 · whales, sharps, snipers, contrarians
whaleHawks 75% · 4
Aligned
sharpHawks 100% · 2
Aligned
ctrWizards 60% · 5
Diverging
Hand-pickedHawks 100% · 1
Aligned
Top 1000Hawks 50% · 8
Aligned

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EV Calculator

Consensus % is how many tracked traders hold a side, not a win probability.

Break-even chance54.7%

52.5¢ price + 1.0¢ spread + 1.2¢ fee (Sports 5%). Win more often than this and the bet pays.

Expected Value—
Expected ROIenter your estimate
Max Profit
+$82.67
Max Loss
-$100.00
Shares
182.7

A market order pays the taker fee and crosses the spread (assumed 1.0¢); a limit order pays no fee but may not fill. The fee category is a guess from the title.

Market Info

Condition ID
0xab4a9c35...3d0e67
Slug
nba-atl-was-2026-11-04-spread-away-2pt5
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